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The NIH has issued a NOT (NOT-OD-24-057)  confirming that, effective January 1, 2024, the 2024 salary cap for NIH grants and cooperative agreements is $221,900 (Executive Level II).  The NOT states that:

For active awards, including awards that have been issued in FY 2024 (continuation and new) that were restricted to Executive Level II, if adequate funds are available, and if the salary cap increase is consistent with the institutional base salary, recipients may rebudget funds to accommodate the current Executive Level II salary level.